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Modeling and Forecasting Energy Consumption in the Manufacturing Industry in South Asia.

Yıl 2013, Cilt: 3 Sayı: 1, 87 - 98, 01.03.2013

Öz

The aim of this study is to model energy consumption and Manufacturing Value Added (MVA) in the industry level of five South Asian countries. Firstly, a cross-sectional model was developed by using R-statistical software to estimate the MVA with energy consumption being the independent variable. Secondly, a twenty years data series was analyzed to forecast volume of energy consumption in the manufacturing industry for five countries in a comparative manner. Thus, a prediction model was developed by using the time series forecasting system of the SAS statistical software and evaluated using Mean Square Error (MSE), Root Mean Square Error (RMSE), Mean Absolute Error (MAE) and Mean Absolute Percent Error (MAPE) with forecasts made up to year 2021. The forecasted energy consumption data might be used in the cross-sectional model to forecast MVA. Besides, based on the increasing trends in volume of energy, industry should prepare now for using efficient and clean energy in order to achieve an environment friendly and sustainable manufacturing industry.

Yıl 2013, Cilt: 3 Sayı: 1, 87 - 98, 01.03.2013

Öz

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Ayrıntılar

Diğer ID JA44GT97HA
Bölüm Araştırma Makalesi
Yazarlar

Muslima Zahan Bu kişi benim

Ron S. Kenett Bu kişi benim

Yayımlanma Tarihi 1 Mart 2013
Yayımlandığı Sayı Yıl 2013 Cilt: 3 Sayı: 1

Kaynak Göster

APA Zahan, M., & Kenett, R. S. (2013). Modeling and Forecasting Energy Consumption in the Manufacturing Industry in South Asia. International Journal of Energy Economics and Policy, 3(1), 87-98.
AMA Zahan M, Kenett RS. Modeling and Forecasting Energy Consumption in the Manufacturing Industry in South Asia. IJEEP. Mart 2013;3(1):87-98.
Chicago Zahan, Muslima, ve Ron S. Kenett. “Modeling and Forecasting Energy Consumption in the Manufacturing Industry in South Asia”. International Journal of Energy Economics and Policy 3, sy. 1 (Mart 2013): 87-98.
EndNote Zahan M, Kenett RS (01 Mart 2013) Modeling and Forecasting Energy Consumption in the Manufacturing Industry in South Asia. International Journal of Energy Economics and Policy 3 1 87–98.
IEEE M. Zahan ve R. S. Kenett, “Modeling and Forecasting Energy Consumption in the Manufacturing Industry in South Asia”., IJEEP, c. 3, sy. 1, ss. 87–98, 2013.
ISNAD Zahan, Muslima - Kenett, Ron S. “Modeling and Forecasting Energy Consumption in the Manufacturing Industry in South Asia”. International Journal of Energy Economics and Policy 3/1 (Mart 2013), 87-98.
JAMA Zahan M, Kenett RS. Modeling and Forecasting Energy Consumption in the Manufacturing Industry in South Asia. IJEEP. 2013;3:87–98.
MLA Zahan, Muslima ve Ron S. Kenett. “Modeling and Forecasting Energy Consumption in the Manufacturing Industry in South Asia”. International Journal of Energy Economics and Policy, c. 3, sy. 1, 2013, ss. 87-98.
Vancouver Zahan M, Kenett RS. Modeling and Forecasting Energy Consumption in the Manufacturing Industry in South Asia. IJEEP. 2013;3(1):87-98.